MARKET DEVELOPMENT
VEGOILS-Market Factors to Watch August 15
VEGOILS-Market Factors to Watch August 15
15/08/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
FUNDAMENTALS
* Malaysian palm oil futures fell on Monday for the first time in five sessions as sentiment took a hit from India's plans to raise import taxes on crude and refined edible oils. POI/
* U.S. soybean and spring wheat futures pared losses on Monday but still closed lower as technical selling and outlooks for favorable crop weather continued to pressure prices following steep declines last week. GRA/
* Oil prices tumbled more than 2.5 percent on Monday in volatile trade, as dollar strength and weak domestic demand data in China hammered prices that had received a short-lived boost on concerns about potential reductions in crude supply from Libya. O/R
MARKET NEWS
* Stocks around the world rose along with U.S. Treasury bond yields and the U.S. dollar on Monday as investors regained some appetite for riskier assets as the United States and North Korea appeared to take a break from their war of words. MKTS/GLOB
RELATED
> India's July vegoil imports up 34 pct y/y at 1.5 mln tonnes - trade body
> COLUMN-Speculator enthusiasm waning for grains, oilseeds -Braun
> Brazil poised to break soybean export record on bumper crop
> U.S. shale output seen posting 9th straight monthly rise -EIA
> China pressed iron ore traders to halt business even before U.N. sanctions
> Cargo surveyor ITS releases Malaysia's Aug 1-15 palm oil export data on August 15.
> Cargo surveyor SGS releases Malaysia's Aug 1-15 palm oil export data on August 15.
Palm, soy and crude oil prices at 0053 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG7 0 +0.00 0 0 0
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5386 -44.00 5384 5446 250480
CHINA SOYOIL JAN8 6252 -34.00 6250 6300 153564
CBOT SOY OIL DEC7 33.71 -2.90 33.61 33.72 919
INDIA PALM OIL AUG7 497.40 -2.90 496.90 507.8 3137
INDIA SOYOIL AUG7 642.5 -3.35 642.2 655 13130
NYMEX CRUDE SEP7 47.62 +0.03 47.49 47.65 7063
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel
FUNDAMENTALS
* Malaysian palm oil futures fell on Monday for the first time in five sessions as sentiment took a hit from India's plans to raise import taxes on crude and refined edible oils. POI/
* U.S. soybean and spring wheat futures pared losses on Monday but still closed lower as technical selling and outlooks for favorable crop weather continued to pressure prices following steep declines last week. GRA/
* Oil prices tumbled more than 2.5 percent on Monday in volatile trade, as dollar strength and weak domestic demand data in China hammered prices that had received a short-lived boost on concerns about potential reductions in crude supply from Libya. O/R
MARKET NEWS
* Stocks around the world rose along with U.S. Treasury bond yields and the U.S. dollar on Monday as investors regained some appetite for riskier assets as the United States and North Korea appeared to take a break from their war of words. MKTS/GLOB
RELATED
> India's July vegoil imports up 34 pct y/y at 1.5 mln tonnes - trade body
> COLUMN-Speculator enthusiasm waning for grains, oilseeds -Braun
> Brazil poised to break soybean export record on bumper crop
> U.S. shale output seen posting 9th straight monthly rise -EIA
> China pressed iron ore traders to halt business even before U.N. sanctions
> Cargo surveyor ITS releases Malaysia's Aug 1-15 palm oil export data on August 15.
> Cargo surveyor SGS releases Malaysia's Aug 1-15 palm oil export data on August 15.
Palm, soy and crude oil prices at 0053 GMT
Contract Month Last Change Low High Volume
MY PALM OIL AUG7 0 +0.00 0 0 0
MY PALM OIL SEP7 0 +0.00 0 0 0
MY PALM OIL OCT7 0 +0.00 0 0 0
CHINA PALM OLEIN JAN8 5386 -44.00 5384 5446 250480
CHINA SOYOIL JAN8 6252 -34.00 6250 6300 153564
CBOT SOY OIL DEC7 33.71 -2.90 33.61 33.72 919
INDIA PALM OIL AUG7 497.40 -2.90 496.90 507.8 3137
INDIA SOYOIL AUG7 642.5 -3.35 642.2 655 13130
NYMEX CRUDE SEP7 47.62 +0.03 47.49 47.65 7063
Palm oil prices in Malaysian ringgit per tonne
CBOT soy oil in U.S. cents per pound
Dalian soy oil and RBD palm olein in Chinese yuan per tonne
India soy oil in Indian rupee per 10 kg
Crude in U.S. dollars per barrel